Federal Cabinet decides to waive off various taxes on services relating to construction industry

April 21, 2020: Federal Cabinet has decided to waive off various taxes on services relating to construction industry.

The cabinet meeting chaired by Prime Minister Imran Khan also decided to reduce tax on various services of the construction industry from five percent to zero.

Briefing media about decisions taken by the cabinet in Islamabad on Tuesday, Special Assistant on Information and Broadcasting Dr. Firdous Ashiq Awan said tax on low cost housing units to be constructed under Naya Pakistan Housing Project has also been made zero rated.

She said the relief in construction industry will protect rights of daily wagers, plumbers, carpenters, developers and other stakeholders of this sector.

Dr Firdous Ashiq Awan said the cabinet also approved reforms in Competition Commission of Pakistan to ensure effective implementation of anti-hoarding law and to protect rights of the common people.

The Special Assistant said approval to reconstitute National Commission for Minorities was also granted in the meeting.

She said the cabinet also approved uniform policy regarding official residences of government employees, withdrawing all perks granted under 1991 Order.

She said now a government employee can retain his official residence six months after reaching superannuation.

The Special Assistant said Cabinet also approved export of Chloroquine to USA, Saudi Arabia, UK, Italy, Qatar, Turkey and Kazakhstan as Pakistan has additional stock of the drug.

Later in another media briefing, Planning Minister Asad Umar said that the cabinet has also decided to public a report relating to power projects in Pakistan.

He said an independent Commission of Inquiry will be constituted to probe the issue pertaining to Independent Power Producers within ninety days.

He said any person involved in irregularities and violation of law will be taken to task, but those investors, who invested in the power sector to generate electricity in Pakistan and did not violate any law, will be protected.

Radio Pakistan

Posted on: 2020-04-21T16:59:00+05:00